Parker Arthelbert Louis 4
Research Summary
AI-generated summary
Brink's (BCO) Director Parker Louis Converts DSUs, Net +1,578 Shares
What Happened
- Parker Arthelbert Louis, a director of The Brink's Company (BCO), had deferred stock units (DSUs) convert/vest on April 28, 2026. The filing shows conversion/exercise of 1,844 DSUs into shares (1,844 shares acquired and simultaneously disposed, derivative) and a separate DSU award of 1,578 shares granted/settled upon vesting. All transactions show $0.00 per share. Net result from these entries: +1,578 shares acquired.
Key Details
- Transaction date: 2026-04-28; Form 4 filed 2026-04-30 (timely).
- Reported prices: $0.00 per share (DSU conversion/settlement).
- Share counts: 1,844 shares converted/exercised (acquired and disposed), 1,578 shares granted/vested = net +1,578 shares.
- Shares owned after transaction: not disclosed in this filing.
- Footnotes: DSUs convert one-for-one into common stock on vesting; the DSU award was granted May 8, 2025 and vested in full April 28, 2026; DSUs vest per the 2024 Equity Incentive Plan and will be forfeited if director leaves the board before vesting.
Context
- These were derivative/award transactions (DSU conversion and DSU vesting), not open‑market buys or standard cash sales. The filing records a conversion and a concurrent disposition of 1,844 shares (the filing does not state the reason for that disposition; similar filings often reflect withholding or settlement mechanics). The 1,578 shares reflect vested DSUs paid in stock. Such awards are routine compensation/retention items for directors and do not by themselves indicate the insider’s market view.